Wednesday, 8 June 2011

EUR/USD DAILY FORECAST 8 JUNE 2011


EUR/USD
In a new AB swing from yesterday, having bounced off the 382 during the Asian session, if we get to the BF786 and get a bearish cs formation we will short for a 50pip limit since we had a 382 bounce prior. Else we only looking for longs trades only after price hits the 618/786, a 618 entry will have a 50 pip limit, and the 786 entry will be a PT to the BF786.

SHORT: WILL ONLY BE GOING SHORT IF:
We get to the BF786 and get a bearish cs formation, trade this for 50 pips since we had a 382 bounce prior. Price is close to the BF786.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the 618/786 for a buy, the 618 entry will limit out at 50 pips and the 786 entry will be a PT to BF786.

No comments:

Post a Comment